Business Context and Reporting Period
This Form 8-K Current Report is filed by Prudential Financial, Inc. for the reporting period ending August 31, 2004. The filing addresses Item 5.02 regarding the departure of principal officers and the subsequent appointment of replacements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Mr. Anthony Piszel as Senior Vice President, Controller, and Principal Accounting Officer, effective August 31, 2004. The Company has appointed the following replacements effective the same date:
- Mr. Peter Sayre appointed as Controller.
- Mr. Dennis Sullivan appointed as Principal Accounting Officer.
Management Commentary and Background
Management provided the following background on the new appointees:
- Mr. Peter Sayre (51): Has been with the Company or affiliates since March 1985. He is a certified public accountant and lawyer with degrees from the Wharton School and the University of Pennsylvania. He previously served as Chief Tax Officer and will continue to head the Tax Department while serving as Controller.
- Mr. Dennis Sullivan (49): Has been a Vice President of The Prudential Insurance Company of America since November 1998. He is a certified public accountant with degrees from New York University and Columbia University. His experience includes roles at ContiFinancial Corporation and Salomon Inc., with a focus on accounting, external reporting, and forecasting.
Investor Verification Checklist
- Verify the effective date of the leadership transition (August 31, 2004).
- Confirm the specific titles assigned to Mr. Sayre (Controller) and Mr. Sullivan (Principal Accounting Officer).
- Review subsequent filings for any impact on financial reporting timelines or internal controls resulting from this personnel change.